Investigation of Small Business Lending Practices of Fintech Companies
Howard Altarescu is a partner in Orrick’s Finance Group. He co-leads the Firm’s global Fintech team, helping industry participants navigate this complex and evolving sector.
Howard Altarescu advises bank and non-bank financial institutions and governmental agencies in connection with innovative capital markets, debt financing and other transactions, as well as on the implications of financial markets regulation. Howard also co-heads the firm's Fintech team, which is focused on serving a wide array of fintech platforms and other businesses. Howard has previously served as Orrick's Finance Sector Leader, responsible for implementing the firm's strategy to provide distinctive transactional, litigation and regulatory services to financial institution clients globally, as well as co-head of the firm’s Finance Business Unit. In these roles, Howard has a broad strategic, advisory and business development role at the firm, drawing on many years of experience, both in law firms and as a banker helping clients develop innovative financial solutions to meet their objectives.
Most recently, Howard has worked on securitizations and other structured financings backed by marketplace loans and has advised numerous clients on the implications of the Madden v. Midland Funding case, the OCC "fintech charter" and related legal issues. Howard has also recently worked on a number of groundbreaking mortgage credit risk transfer transactions between Fannie Mae and major banks and other clients.
Before joining Orrick, Howard held senior business roles at Goldman, Sachs & Co. for more than 20 years. At Goldman Sachs, Howard served as head of the mortgage finance group and co-head of mortgage and asset backed finance. He was responsible for structured finance in the emerging markets, with a focus on Latin America. He served as chief operating officer for Goldman’s mortgage principal finance business, and was responsible for capital markets coverage for several of Goldman’s key mortgage industry clients. Prior to that, Howard helped build and lead the mortgage and asset-backed securitization practice as a partner at Cadwalader, Wickersham & Taft LLP.
Howard has been involved in many of the seminal transactions in the structured finance markets over the years, including the first CMO transaction, for Freddie Mac; the first IO/ PO transactions, for Fannie Mae; several of the first senior/sub mortgage and credit card receivable securitizations; the first public auto receivable securitization; the first commercial mortgage non-performing securitization; credit risk transfer transactions with Fannie Mae; and several innovative future flow and World Bank guaranteed transactions in the emerging markets.